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20121226
20130103
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CNBC 9
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CNBC
Jan 2, 2013 3:00pm EST
% today and the s&p 500 better than 2%. house speaker john boehner reportedly cursing out senate majority leader harry reid right outside the oval office. representatives from both sides of the aisle will join us next to explain how lawmakers can possibly reach a deal on the debt ceiling in this kind of poisonous environment. plus, new jersey governor chris christie is furious. >> there's only one group to blame for the continued suffering of these innocent victims, the howth house majority and their speaker, john boehner. >> we'll get into the politics behind that bill when we get back. >> we'll get into the poli behind that bill when we get back. g kong. tdd#: 1-800-345-2550 after that, it's on to germany. tdd#: 1-800-345-2550 then tonight, i'm trading 9500 miles away in japan. tdd#: 1-800-345-2550 with the new global account from schwab, tdd#: 1-800-345-2550 i hunt down opportunities around the world tdd#: 1-800-345-2550 as if i'm right there. tdd#: 1-800-345-2550 and i'm in total control because i can trade tdd#: 1-800-345-2550 directly online in 12 markets in their local cur
CNBC
Jan 3, 2013 3:00pm EST
tradition and pageantry in washington today. 1913th congress was sworn n.john boehner retained his speakership, and while the fiscal cliff in its original form may be in the rear view mirror, lawmakers still have some very big issues to work out. our hampton pearson is following all the action for us. hampton? >> reporter: how you doing, bill in the opening 16913th congress featuring all eyes on the incoming house of representatives. 233 republicans, 200 democrats. as you mentioned, and as expected, ohio's john boehner was elected to a second term as speaker of the house turning the page from a congress that just barely averted the fiscal cliff to a challenge to his fellow members to take on the dual challenges of too much debt and too few jobs. >> our government has built up too much debt. our economy is not producing enough jobs, and these are not separate problems. at $16 trillion and rising, our national debt is draining free enterprise and weakening the ship of state. >> reporter: now here's a by the numbers look at the makeup of both houses of the new congress. 12 new source,
CNBC
Dec 28, 2012 3:00pm EST
boehner and minority leader nancy pelosi have yet to arrive, but now we're showing you live pictures. maybe somebody is going to get out of that car, and we'll see if any of the other leaders will be heading to the white house. this is speaker boehner right now heading into the white house. we'll keep you updated as this hour progresses here. >> indeed, meantime, more red arrows here on wall street as investors are awaiting for any signs of progress from the white house meeting which is about to get under way. right now we're sitting smack on 13,000. we've clawed back from being below that earlier on today. the nasdaq has also moved to the downside by half a percent as we speak. the s&p 500, as we speak, folks, is now down for the fifth straight day. i think it's down about 1.3% over the course of this week. so far let's see what happens over the last crucial hour of this trading day. >> so the clock is ticking. all eyes are on the white house. we've got i'm an javers there in washington as we wait for the white puff of smoke to come out of the white house, eamon. >> reporter: kind o
CNBC
Dec 26, 2012 3:00pm EST
actually all up to john boehner, as i see it, because if we were to decide to bring the president's most recent small car compromise to the house i actually believe it would pass. the problem for him it would probably pass with mostly democrat vote, but i think it could get through the senate. that's the only scenario i see by which we avoid going over the cliff. >> wait a minute. >> at least temporarily. >> wait a minute, jared. john boehner said it's up to the president and harry reid so are both sides standing at the precipice waiting for each other to make the next move. >> not really. it really is all up to john boehner to decide whether he wants to bring this vote to the house floor. if he doesn't, i would put on either your cliff bungee cord or your cliff parachute and that's actually an important difference. >> we would like a bungee cord and a parachute. >> right. >> but i would like to know maybe we have neither. what do you think happens to the market, matt, in either scenario, deal or no deal? >> i can't imagine we're going to get a deal done with any significance. you know,
CNBC
Dec 27, 2012 4:00pm EST
senator mcconnell said they wouldn't filibuster over here that he would support and that boehner would support, if it were reasonable, but right now we haven't heard anything. i don't know, and it's none of my business, i guess, although i am very serious, if the speaker and the majority leader, the republican leader over here are even talking. i mean, what's going on here? mr. president, you can't legislate with yourself. we have nobody to work with, to compromise. that's what legislation is all about, is the ability to compromise. the republicans in the house have left town. the negotiations between the president and the speaker have fallen apart as they have for the last three and a half years. we've tried mightily to get something done. just go over what the little drill here, mr. president, to remind everyone how unreasonable the republicans have been. senator conrad and judd gregg came up with a proposal to pattern what they wanted to do after the base closing commission. commission would be appointed and they would appoint back to us, no flust years, no amendment, yes or n
CNBC
Dec 26, 2012 4:00pm EST
cooperate with democrats to do that in the senate and if house speaker john boehner would put that on the floor even if most republicans were not in favor of it. bill? >> okay. we're going to hope that something like that can be at the very minimum at this point. john harwood, thanks. see you later. don't worry, be happy. one of our next guests says should we go over the fiscal cliff, someone else on wall street says the cliff will not be a doomsday event. we'll get them to make their case coming up. >> and also later on. facebook making an about face on using user photos for advertising. >> and winter storm euclid is pummeling the east coast. the latest storm and storm track coming up in the next hour of the program. you're watching cnbc, first in business worldwide. plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade
FOX Business
Jan 2, 2013 3:00pm EST
boehner has agreed to hold this vote. what about the remaining $51 billion package? when congress returns on january 15, they will vote on that, but they will try to push up at least $9 billion of it for the federal flood insurance part of it related to hurricane sandy. chairman and ceo. now there is a deal, i guess people really want to know, what do the business leaders, is the deal enough where you will open not necessarily the floodgates but at least some of your pocketbook and say we are ready to bring on some more clarity? >> the compromise of a short-term fix too many challenges faced by the u.s. economy. i think this is not done, we have further erosion of consumer and business confidence and very negative to growth, hiring of people investing on businesses. now in terms of moving forward, in terms of increasing the capital budget and hiring from the current plans, some businesses and certainly we will wait the resolution of the next phase. liz: do you look at the next phase as cuts in spending or hitting the debt ceiling? we have seen that in the past gyrates the market i
CNBC
Jan 2, 2013 4:00pm EST
majority and their speaker, john boehner. >> reporter: but 90 minutes later new york representative said two votes for funding are forthcoming, one on friday for 9 billion in flood insurance and one in two weeks on another 51 billion. >> whatever reason the speaker decided not to bring it to a vote this week, obviously we disagreed were that and that's in the past. the bottom line is between friday morning and january 15th, those two votes, will bring in $60 billion that's absolutely necessary for new york, new jersey and connecticut. >> king obviously softening his tone from earlier. clearly some reversal, guys, based on republican reaction to something the republican house speaker could have handled. bill, back to you. >> all right, brian. thank you very much. well, those things, we know that's certain in life, death, taxes and another sequel of a batman movie. another one. our tax code remains far from clear. wait until you hear how much more you could be paying the tax man thanks to the phase out of some deductions embedded in the tax deal that congress just passed. that's coming up
CNBC
Dec 28, 2012 4:00pm EST
yesterday. >> months and months of talks between the president and boehner, both times boehner could not deliver because they refuse because of grover norquist to allow any tax revenues whatsoever. they cannot cross over the threshold that has been built by grover norquist. >> grover norquist joins us now exclusively here on cnbc. grover, we just heard you are the target of those comments, but did harry reid get it wrong, because i thought that your organization actually gave its blessing to boehner's plan "b." >> reid has it wrong on a number of levels. the first, of course, is that the pledge that many congressmen and senators have made to oppose tax increases is made to the people of their state, not to me. in fact, harry reid now has the republican senator joining him from nevada who won because he made that commitment. he took the pledge, and the democrat that harry reid supported attacked him for taking the pledge, and the people of nevada said we want a senator who will stand with us against harry reid's tax increases, so -- and, of course, the issue that came up with plan "b" whi
FOX Business
Dec 28, 2012 3:00pm EST
, harry reid, and john boehner arrived at the white house to meet with the president, see if they can get a deal ppt together. we understand, also, tim geithner, as we see on the graphic there, will be a part of the discussions, and, also, s&p saying, by the way, that the fiscal cliff will not impact the u.s. credit rating, the sovereign rating, as you can see right there. some breaking news for you out of washington. this meeting scheduled somewhere between 3 p.m. and 4 p.m. this afternoon. if it goes longer, we'll wait and see whether they come out of the meeting, at least they are meeting. that's what we can is say. power mover of the day, barnes & noble as we said spreading cheer with the stock jumping up 5%, making it the power mover as you see. barnes & noble landing financing. peerson with a 5 #% stake in the digital business. blow the one year chart up a little bit so you can see the stock moving up today. it's been a rough road, clearly for barnes & noble, nook media, part of the barnes & noble area investing in, worth about $89 # million. they are the digital business includ
FOX Business
Dec 27, 2012 3:00pm EST
was thrown into his court by mr. boehner who failed with his party, the expectation was mr. reid would have something positive to say the tape sent a clear message to washington, you got it wrong and if you continue to do this. ashley: daniel, what struck you about today's session? >> it is all the nonsense in washington pushing around as your previous guest said. you can't make a decision. what is interesting this the third crisis we've had in our government over the past three years. we push, push it, push it to the brink and come up with something. i'm not sure we'll come up with something now. there is let more flexing. congress meeting on monday is a help thulful thing. if they come up it will be minor framework of what we see next year. we'll see where it goes from there. ashley: very good point. mike, from the nymex, what about oil today. what have we seen in the action of the oil trade? >> it is more or less follow the leader after we came out with that little stock market rally there i'm looking at the board here we're pushing highs at 91.25. it is more like a vooleyball
CNBC
Dec 31, 2012 4:00pm EST
" and boehner on it. i think it may still get worked out in the band-aid form, but i don't think that's complete at this point. so i think maybe we're all going to be working tomorrow. >> i'm just getting word now that the house gop is going to caucus in an hour. they may not vote, but they'll be talking about what they're hearing coming from the senate and probably get more details at that point. it's not like we're not going to get any progress. but as i said before, rick, for something this important, would you want this to be that much of a rush job in. >> i agree with you. i totally absolutely agree with you. that it needs to be taken time. my reservation all day that i kept mum was is the house going to get this at ten minutes to midnight? i think those guys have some responsibility to do the job a little differently than the health care plan. i don't think they want to find out what's in it after they vote on it. >> without stating the obvious, it would be nice they took their time before the deadline opposed to after it. but i'm going to leave that alone. i want to get to you, j
Search Results 0 to 11 of about 12